Faraday Future to Showcase FF 91 Futurist at 2023 Consumer Electronics Show in Las Vegas

Faraday Future ("FF" or “the Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced its return to the Consumer Electronics Show, CES 2023, taking place from January 5 – 8, 2023 in Las Vegas, NV. FF will display the FF 91 Futurist in Innovusion's booth at CES, located at the Las Vegas Convention Center, West Hall (Booth #6925). Recently, FF selected Innovusion’s Falcon LiDAR to power the FF 91’s autonomous driving system. The Falcon LiDAR is intended to seamlessly integrate into the FF 91 Futurist to deliver additional real-time 3D vision, even in adverse weather conditions or the darkest of nights, providing a safer and more reliable driving experience.

Innovusion’s Falcon LiDAR is designed to give the FF 91 Futurist unprecedented insight into the environment far in front of the car. Enabled by Falcon’s long-distance capability and high angular resolution, other vehicles in the FF 91’s path can be detected up to 1,600 feet away (over five football fields), and even pedestrians and small road debris can be detected over 650 feet away.

The Company expects to start production of a saleable FF 91 Futurist at the end of March 2023, coming off the assembly line in early April with deliveries before the end of April, subject to the timely availability of $150 to $170 million of additional funding and timely stockholder approval of an authorized share increase. FF recently received a $30 million binding letter of intent draft from a current FF investor. The agreement is subject to FF Board approval and conditions including negotiation and execution of definitive documentation.

“The Consumer Electronics Show is the pinnacle setting of the newest and most influential technology in the world, so it was essential that we bring our technology-packed flagship FF 91 Futurist back to this show,” said Xuefeng (“XF”) Chen, Global Chief Executive Officer of FF. “Innovusion’s long-range and high-resolution Falcon LiDAR is the only product of its kind being mass-produced for consumer vehicles. With partners like Innovusion, the FF 91 Futurist will set new standards in driver assistance technologies that will help us achieve new levels of safety, driver comfort, and convenience in the luxury electric vehicle marketplace. And we are excited to explore opportunities to integrate Innovusion’s new product lines into future car models as well.”